SEOUL, Feb. 29 (Korea Bizwire) – The Seoul Metropolitan Police Agency has announced significant reductions in traffic accidents in areas monitored by automated traffic enforcement cameras over the past five years. This data underscores the effectiveness of these cameras in improving road safety within the city. An analysis of traffic incidents at 105 locations equipped with [...]
SEOUL, Feb. 28 (Korea Bizwire) – In a move aimed at enhancing the accessibility of critical safety information for non-Korean speakers, South Korea’s Ministry of the Interior and Safety has announced plans to incorporate English translations of key details in emergency disaster alerts. These alerts, which are issued during situations such as air raids, earthquakes, [...]
YEONGAM, Feb. 28 (Korea Bizwire) – Yeongam County in South Jeolla Province is rolling out a comprehensive plan to support children from infancy through to university, offering up to 262 million won per child in phased support. The initiative aims to make Yeongam an ideal place to raise children, with the plan emerging from a review [...]
SEOUL, Feb. 28 (Korea Bizwire) — The government will designate six metropolitan cities and 43 local areas as trial special education zones as part of efforts to develop the regions, the presidential office said Wednesday. The trial zones, which will include the cities of Busan, Daegu, Gwangju and Daejeon, will be eligible to receive between [...]
WASHINGTON, Feb. 27 (Korea Bizwire) — A senior White House official on Tuesday portrayed South Korean enterprises operating in the United States as helping foster a robust supply chain ecosystem and create decent jobs, Seoul’s foreign ministry said. Lael Brainard, the director of the National Economic Council (NEC), made the point during a meeting with [...]
SEOUL, Feb. 28 (Korea Bizwire) — The government cut more than 10,000 workers from state-run companies in 2023 as part of efforts to reform and innovate the management of public firms, the finance ministry said Wednesday. Public companies let go of a combined 11,374 workers last year through organization restructuring, voluntary retirement and various other [...]
SEOUL, Feb. 28 (Korea Bizwire) — The South Korean and the United States’ antitrust regulators have discussed ways of enhancing bilateral cooperation on antitrust principles to promote economic fair competition, the regulator here said Wednesday. The discussions were made during a meeting between Cho Hong-sun, vice chairperson of the Fair Trade Commission (FTC), and Manish [...]
SEOUL, Feb. 28 (Korea Bizwire) – Employees of foreign companies in South Korea who receive shares from their overseas headquarters as performance rewards will now be able to sell them directly without needing to transfer them to a domestic brokerage firm first. The Financial Services Commission announced on February 27 that a revision to the “Enforcement [...]
SEOUL, Feb. 27 (Korea Bizwire) — The Seoul city government on Tuesday announced a new future vision for its southwestern region, which is considered relatively underdeveloped and depressed compared to other regions of the capital. The vision calls for transforming the region’s manufacturing-centered space into a future high-tech and convergence industrial cluster and adding leisure, [...]
SEOUL, Feb. 27 (Korea Bizwire) — Health Minister Cho Kyoo-hong said Tuesday that trainee doctors would face legal punishment, including suspension of their licenses, unless they go back to work by the Thursday deadline, stepping up warnings against thousands of junior doctors who left hospitals to protest against a plan to boost medical students. About [...]